If their kids or grandkids inherit, most are willing to sell it especially if there is joint ownership among the children or if they have their own place already. My mother plans to give one home each to me and my sister so we have more freedom to do what we want with the property we get. I’m cashing out and selling!
@@jon6309well, if you live in california, it would be dumb to cash out because buying a house at today;s prices is outrageous and your property tax would be stupidly high. better keep the house and either live in it or rent it out for income.
@@bikedawg I don’t live in California and even if I did I would just sell it and pay rent until I die. Having a majority of wealth tied to real estate is not the best way to live. I don’t plan to have kids of my own so I rather just spend the money before I die!
This analysis glosses over what is likely a major point- most baby boomer homes will NOT be hitting the market for Gen Z as opposed to being handed off to their Gen X and Millennial children or grandchildren. At the same time investors are driving up prices so high that Gen Z is basically being priced out of the market- so to assume Gen Z is going to benefit from this is pretty much off the rails.
Easy fix, just ban investment firms from owning single family homes. This will increase supply of these types of homes, and it will increase the development of high density houses and allow them to profit off demolition and reconstruction of the derelict houses that need a lot of work. Win win.
Most important comment in this video. We are long overdue for restrictions on preventing private equity from buying up the housing market. Massively unfair playing field between private equity and individuals.
But you see, they don’t get to charge you insane prices and screw you over at every corner, making them lose so much money that they’ll have to settle for a slightly smaller yacht as opposed to that big yacht they were going to buy originally, so it’s a terrible idea. They’ll keep lobbying to the government to keep the status quo completely unchanged while they run away with your money. Moral of the story: America sucks
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.,..
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Senate Bil S.2224 "Stop Predatory Investing Act" was introduced by Democrats last year. Not sure how it's doing, but I'm sure lobbyists will get it killled.
What's paying for all the old people's homes or live-in care? If your mother and your father get dementia and have to live in residential care for 5 years after years of assistance for 10 years or so, it's not you who will be inheriting...
These homes are not going to market. They will go to their kids, who understand that holding and renting property is basically unlimited cash flow and appreciation. The rich will continue their generational wealth building.
Not true. My folks are baby boomers, and if I do t keep their home as a vacation home, I’ll sell it. Most people do t want to be a landlord, and it’s instant cash if sold. I almost rented my old house rather then selling it, but I don’t want to be a landlord, especially after the 2020 rental 0:10 moratoriums. I mean, why would I rent if the government can order me not to collect rent, while they totally protect the tenant and they will not cover my bills?
Being a landlord is a hassle. It would be easier and less risky to just sell the home and put the money into the stock market, or if you want exposure to real estate, into a REIT.
Watch How Money Work's video on this. Basically the point at the end is all you need to know. People with incomes cannot compete with investors that can pay cash. If the home is in a location worth living in, investors will get first dibs.
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Annette Marie Holt, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Good pick up! GenX is the forgotten generation. I am GenX, and when my folks pass away, which probably will not be for a long time, I will get their home if they are still in it. If I don’t keep it as a vacation home, I’ll sell it. Don’t want to be a landlord.
@@coryt2459 Though I must admit that I have "given birth" to some historically impressive bowel movements, I have not given birth to any lazy ass Gen Z'er.
@@coryt2459 God help the poor alphas. Is that all you do is point your finger and blame everybody else for all the problems in your life? God help gen alpha that's all I got to say. You're blaming entire generations you know nothing about. You got three generations mixed up together and you don't have a clue which ones they are. Maybe if you weren't so nasty you can actually interact and learn a thing or two. Seems to me a lot of people enjoy being pissed off and falsely blaming other people for every single thing all the time. Even strangers they don't know.
I was going to post the same thing. How come Gen Xer are discussed for like 5 seconds in the video. Probably because they're bad ass and don't live in houses.
Im 31 and this is pure insanity, houses around me in 2018-2020 were 600-800k, now here we sit in 2024 and THE SAME HOUSES are for sale around 1.5-1.8million. If this inflation continues the houses will be 3Million by 2030. I will NEVER beable to afford a home.
I graduated in 2008. It's been a rough ride. Paying $2000 a month for a one bedroom with my girlfriend that's 70% of my income and the rest goes to bills and food.
My friends and I are the last of the Baby Boomers. We all turn 60 this year. We don't plan on dying for 30+ years. So don't expect a wave of houses to suddenly flood the market. It might be more of a slow but steady process. And as many have mentioned, most of these homes will be passed on down to the children of us Boomers -- which I guess is mainly Millennials.
Good, you guys keep all the houses while families raise their kids in a 2 bedroom overpriced apartment. Meanwhile, you can send all the jobs in china to make sure nobody is allowed to build a new house. Oh wait, that's already what you did... Well maybe you guys can try to live in those houses for 60 more years instead. That will help everyone.
@@MS-ty8eq Well, 30-40 years. My parents both turn 89 this year and are doing fine (still walking). Both of my mom's parents lived into their 90's. So yeah, I'm hoping 🤞🤞. But if I don't lose some weight and improve my diet then... 😱
@@MS-ty8eqyou laugh, but medical technology progresses quickly every year. We’re already able to 3D print body parts in labs (bio printing). How long until the first pill to reverse cellular aging comes along? And even on a smaller scale, how long will we be able to extend our lifespan? He says 90 years, but a human can live up to 120 years before their chances of dying due to aging stop increasing (it remains 50%), and that’s again before we factor in biological age reversal, which is currently being developed in a Harvard science lab (seriously; look it up). A lot is set to change in the medical field in just the next 10 years. To laugh at 30 years is incredibly premature
Dream on, gen z is going to be the beneficiary!!!! how dumb, you don't think the corporate housing hasn't already calculated the grab. Of course they did, and you think it is to the benefit of a generation. Imma die laughing this is so ridiculous. If you don't make your move into real estate ASAP you are never going to be able to.
@@Anton43218 I am suggesting to not blame boomers, and to not look at what boomer have as your entitlement, to snatch up after they pass away. The way that hard working boomers are being spoken about is dehumanizing. The corporate markets or gen Z frothing at the mouth to obtain their wealth. Boomers are a hard working generation that have a wealth of knowledge. That this outlook will back fire on Gen z.
"Randomly offered a job after highschool" "Single income took care of wife and family" "Purchased house at low cost low rate" "Barely took care of kids, sent them off at 18 with no savings to go get lost in college debt scams" "Sold real estate to corporations so the future generation is screwed" "Easy retirement" Wow such hard work
Redfin tried doing that and over purchased and over vauled all those Boomers homes already and now they lost huge amounts of money by overvaluing all these houses they purchased and no one is buying because it's too expensive for what it's worth.
Not if we don't regulate corporations out of the housing market and cap the amount properites landlords can horde. Or something I'd rather not have-a land use tax.
It seems to be forgotten that one unit of housing supply satisfies one unit of housing demand. Whether it is owned or rented isn't important for this equation because many people will choose the option that is more cost effective at the time.
Pardon my ignorance, but don't Millennials inherit homes from their Silent Generation grandparents and their Baby Boomer parents when old folks die? Meaning Millennials would not have to struggle with mortgage and sky-high prices? I'm not American and don't know how inheritance laws work in US. Sure, old homes would need renovations, but this could not be as costly as buying a hew home, could it?
The vid misses this critical point and assumes that these homes are not going to their bloodlines but the open market instead. It's a bizarre assumption.
@@Mlogan11 Most of the time the home will be passed to multiple heirs who will in different geographic regions. Competing interests mean that in almost all cases the homes will be sold.
@@Rej-gc5zi If it goes into probate, that's the likely case, but if there is a will, the house will likely go to a specific person. Those most common scenario is as the parent ages, the child that become the main caretaker of the parent will get the house.
Don't older generations tend to have multiple children so those properties will be split in multiple directions unless all agreed and they all want to live with their siblings and/or cousins the rest of their lives in a more cramped up situation than they grew up in especially if all these millennial adults wants to get married and start a family making the situation more crowded as well?
Yep. We’ll inherit our parents houses eventually and have a fully paid off big home and only need to worry about taxes 😂 but lemme tell ya.. TAXES HURT 😭tho it’s definitely a better deal than buying a crazy high mortgage
Yeah, I live in the Netherlands, where the population has been increasing only due to immigration since 1973. Without closing the borders, the silver tsunami will never come.
I’m an American gen Z that moved to Europe because things are too expensive in the US. Would love to move back to America one day but not when homes are 7x the price as the ones over here for equal quality and size.
Don’t forget in the equation, not all boomers will go in retirement homes, many of them will stay at home until death…home healthcare system and services is an option…exemple…my husband dad stayed in is home until he died at 98years old…my dad is still in his home, he is 84 years old with no intention to leave…so don’t expect to much…
Wait if you cover all things money and investing, how did you not know about investors buying homes until recently? Corporations and international investors are a huge part of the market that will only continue to grow w/ REITs until less than half of US residents own their homes.
It's just like monopoly. Even when the baby boomers pass on they will pass to their children, but replacement rate is lower which means those homes will go to less and less people.
No way Gen Z beat Millenials in anything. Gen Z are born tired, they don't have the resilience to work hard and save money. We (millenials) are the last generation who are willing to work hard, because we were lucky enought to have in our lives people like our grandparents. Who REALLY REALLY work hard and didn't have any comfort in their lives. So we have good examples in ur lives. We will end up with all the money in the world. Mark my words....
Doubtful the market will crash, more than likely stagnate or worse increase in desirable places. Nobody wants a home in the middle of Ohio, but there is a lot of demand in New York urban areas.
Like I'm so confused. You're telling me 1 in 3 25 year olds own their own home? That statement alone is worthy of being the topic of a video. Clearly my understand of the world is _drastically_ different from the reality...
"You could end up with a mortgage in your retirement years" Retirement? This alone feels out of touch. Honestly of a generation or two genuinely benefit it will be the Gen X and Millennial children that possibly inherit these places, whether they attempt to live in said home or sell. The housing economy has inflated so much compared to wages its hard to picture Gen Z actually being the ones in position to buy.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this second quarter of the year. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Larry Kent Burton for about five years now, and his performance has been consistently impressive.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Only children of millennials WITH homeownership will profit/inherit. They can either rent the home, move in themselves or sell it. Everyone else will be left behind in this set up, the wealth inequality will keep getting worse. If you and your parents are poor now, unfortunately, you will never be able to affort an own home.
Not true, this is America, you can follow Dave Ramsey’s 7 baby steps, get out of debt, buy a home, pay it off early and build wealth. The limitations you state are not really there. This is coming from an immigrant who came to this country and is now a homeowner… you can do it!
@@norviliaetienne222I'm really happy to hear that you have achieved your dream, especially as an immigrant, but to be honest, Dave Ramsey doesn't have any evidence or qualifications to back up his teachings, and it's just not applicable to most people In any case, congrats on your home, I hope you and your kids get to enjoy it
@@norviliaetienne222 Tell me when you bought the home and how much you make annually, most are phased out due to bad credit scores, stuck in low wage jobs, and housing market already took over 100% apperication. Homes on 7k sqft used to be around 250k to 270k, now those same homes is at 500k to 550k. This appreciation mostly happened from 2021 to 2023. So if you want a home with 3 beds, 2 baths on 5k sqft, you need to make at least 50k to qualify for a home loan of 200k, you will be still need an additional 100k for down payment with this current rates. Here in Washington state, homes on 7k lot are worth 500k and up, half that lot is around 250k to 300k when most wages barely pays between 45k to 60k unless you score a job in seattle, but most rural cities are fucked already, or if you end buying cheap homes, you gonna end up in the remote towns where jobs are lacking and mostly family controlled.
This is so misleading nice going Insider News. "Owning a home" for a boomer when they were 40 years old is different than a zoomer owning a home. One actually BOUGHT the house fully and the other is simply in a mortgage with it.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Gen Z HERE, OWNER AND CEO of my very own first real estate company. Barely turned 24 this month and I’m on track to buying my first three investment properties! 🎉 Realized very early in life that it isn’t a race nor a comparative objective, unless you want to suck the joy out of life… Be happy for other’s successes, set and go after your goals, and try to be a better human everyday so our civilization/society can finally continue to evolve. Please 😅❤
Not sure why people are saying Gen X is forgotten. Are you guys so used to being mentioned that you don't notice when you are? Besides Baby boomers don't have gen x kids to pass wealth to for the most part aside from a few teen pregnancies. And are they likely to be wealthy with teen pregnancies?
Theres also the new concrete house printers that can build a house in a few weeks with machines that often cost as much as these current houses are going for. Try being a landlord in an environment like that.
lol I am closing soon. It’s not that hard actually, I am getting a 365k home for 12k out of pocket. And everyone talks about how hard it is..,, it’s actually not hard at all. I think the hard part is that these young people don’t want to work and have steady income . It’s not hard to get in a house. Stop crying.
Gen X here with Gen Z kids who just bought their first jointly owned home. How they did it on their own? First I made sure they finish university with high skilled degrees that made it easy for them to get better paying jobs. The moment they start earning I taught them how to invest and in 2 years they have enough to pay down payment. They got lucky to start saving/investing when the market was down. The best way for parents to help children is to guide and encourage them to acquire education. Get that most important credentials to get them started. Teach them to be frugal… save… invest. Be in an industry that is essential and a city where there is growth. Now as a parent I can breathe with great relief because I know my children can make it on their own.
As a millennial, when my boomer parents pass all it means is I'll finally be able to live in a proper house, the house I grew up in mind you, but a house.
They left out the effects of mass immigration on the housing market. Here in NYC, multiple immigrant families will combine their purchasing power to live in a single-family home. Or the landlord collects more money for single-family units from numerous immigrants.
Houses were so cheap between 2008 and 2015. Millennials were just too scared to buy a home at that time because of the economic collapse. The millennials who did buy in that time have a net worth 5x their peers and have been less affected by inflation due to fix rate mortgages at 3%
But when US houses are built to last about 30-50 years.. what condition are most of these going to be? I see an expansion of investor properties over owner occupiers unless there are regulation changes. Even if house prices crash, most people will have to borrow and that would get very hard even compared to now. /Edit, shoulda watched the full thing, covered both my points toward the end.
Just move to somewhere desirable- get yo self outta that crummy neighborhood! It really is about location y’all. Just don’t think about moving to New Hope PA! 😂
Anyone who has ever played monopoly knows how this ends. One winner with all the property and resources. We didn't start the game together. New players enter at a disadvantage. Why don't we discourage monopoly property ownership more? What if we increased property taxes if you own 2+ properties or set limits?
Growth is not going to be as much of a factor. Millennials are having less kids on average than previous generations. We should be more concerned with corporate home ownership and climate migration.
All the way through this video I was thinking there's a glaring oversight - property investment. To tack it on briefly at the end is a mistake. There has been a huge transfer of wealth from the middle and working classes in the past 2 (or so decades). Property investment has formed a big part of that. Whilst many boomers may plan on passing on their homes to their children, they haven't accounted for the huge cost of care as they age. This will eat up most of the capital they have accumulated. Many will be forced to sell their homes to finance medical and care costs.
“A housing economist brought up something I hadn’t even thought about. There’s an increasing amount of investors competing for homes.” You haven’t thought of this? An INVESTING CORRESPONDENT DIDN’T think about that?
I don't know that this provided any good rationale for why Gen z would benefit more than millennials. Millennials will have had more time in their lives to earn capital to invest in the market. They're also more likely to be the ones to inherit in those situations. What reasons would Gen z benefit more?
As long as you have a mortgage to pay you don't own the house. The bank owns it and let's you "lease to own it" over the years. Unless you default... then they kick you out and sell the house to someone else.
The homes will go toward payment for the care homes that cost £1500 a week 😮happened to me and my partner and all the life savings all you are allowed to keep is £1600 if the money runs out before death.
there's no way there will be a flood of homes from boomers. these homes will go to their kids or grandkids.
If their kids or grandkids inherit, most are willing to sell it especially if there is joint ownership among the children or if they have their own place already. My mother plans to give one home each to me and my sister so we have more freedom to do what we want with the property we get. I’m cashing out and selling!
@@jon6309well, if you live in california, it would be dumb to cash out because buying a house at today;s prices is outrageous and your property tax would be stupidly high. better keep the house and either live in it or rent it out for income.
@@bikedawg I don’t live in California and even if I did I would just sell it and pay rent until I die. Having a majority of wealth tied to real estate is not the best way to live. I don’t plan to have kids of my own so I rather just spend the money before I die!
Some kids don't want to upkeep or pay taxes. They will sell
This is why Mexicans flooded the US with fentanuyl
CEO of blackrock here. I’m just going to buy all the homes for sale and rent them out. Thanks for playing suckers.
Pretty much 3:18
No dead ass and IF we where to buy homes who’s to say they won’t change laws& pay,
But she didnt even thought about that, pretty much sums up how in depth and accurate this theory is going to be
@marsbarzart lobbiests. Because of SCOTUS ruling on Citizens United giving corporations citizenship status.
She's too smart for economics
This analysis glosses over what is likely a major point- most baby boomer homes will NOT be hitting the market for Gen Z as opposed to being handed off to their Gen X and Millennial children or grandchildren.
At the same time investors are driving up prices so high that Gen Z is basically being priced out of the market- so to assume Gen Z is going to benefit from this is pretty much off the rails.
Yeah, I’m an older gen Z and I only got my house at 22 because my baby boomer dad passed away
Easy fix, just ban investment firms from owning single family homes. This will increase supply of these types of homes, and it will increase the development of high density houses and allow them to profit off demolition and reconstruction of the derelict houses that need a lot of work. Win win.
Most important comment in this video. We are long overdue for restrictions on preventing private equity from buying up the housing market. Massively unfair playing field between private equity and individuals.
But you see, they don’t get to charge you insane prices and screw you over at every corner, making them lose so much money that they’ll have to settle for a slightly smaller yacht as opposed to that big yacht they were going to buy originally, so it’s a terrible idea. They’ll keep lobbying to the government to keep the status quo completely unchanged while they run away with your money. Moral of the story: America sucks
and ban them from buying condos too !
Firms only own a very small percentage of single family homes. Most of what they buy is apartments, condos, etc. High density.
@@ILoveTinfoilHats do you have the data on that? I'd be willing to bet it's probably much lower than I think, and also much higher than you think.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.,..
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
... Not until Blackrock buys up the remaining non-commercial homes on the market.
Senate Bil S.2224 "Stop Predatory Investing Act" was introduced by Democrats last year. Not sure how it's doing, but I'm sure lobbyists will get it killled.
What's paying for all the old people's homes or live-in care? If your mother and your father get dementia and have to live in residential care for 5 years after years of assistance for 10 years or so, it's not you who will be inheriting...
Boycott Blackrock
I’ll believe it when I can afford to live in a 1 bedroom apartment by myself
These homes are not going to market. They will go to their kids, who understand that holding and renting property is basically unlimited cash flow and appreciation. The rich will continue their generational wealth building.
Precisely, sad but true
Delusional thought process, kids are greedy and want money not assets. They will post their dead parents homes for sale.
Yup. I even see multiple siblings agreeing to keep the house as a rental for cash flow. Rather than selling
Not true. My folks are baby boomers, and if I do t keep their home as a vacation home, I’ll sell it. Most people do t want to be a landlord, and it’s instant cash if sold. I almost rented my old house rather then selling it, but I don’t want to be a landlord, especially after the 2020 rental 0:10 moratoriums. I mean, why would I rent if the government can order me not to collect rent, while they totally protect the tenant and they will not cover my bills?
Being a landlord is a hassle. It would be easier and less risky to just sell the home and put the money into the stock market, or if you want exposure to real estate, into a REIT.
Watch How Money Work's video on this. Basically the point at the end is all you need to know. People with incomes cannot compete with investors that can pay cash. If the home is in a location worth living in, investors will get first dibs.
Exactly
Right, it'll be the biggest transfer of generational wealth not to the kids, but to corporations.
We will be ushering in a new age of serfdom.
Need to build more affordable houses and stop allowing corporations to gobble them all up.
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Annette Marie Holt, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
This is already the reality in New Zealand
you skipped genx on at least that first lego person stat
Good pick up! GenX is the forgotten generation. I am GenX, and when my folks pass away, which probably will not be for a long time, I will get their home if they are still in it. If I don’t keep it as a vacation home, I’ll sell it. Don’t want to be a landlord.
I love how Generation X gets completely ignored. It used to anger me, now I am like: "Don't blame me! I don't exist, y'all."
she mentioned us at the beginning that it
You guys gave birth to Gen Z. So thanks for dropping that lazy ass generation on us.
@@coryt2459 Though I must admit that I have "given birth" to some historically impressive bowel movements, I have not given birth to any lazy ass Gen Z'er.
@@coryt2459 God help the poor alphas. Is that all you do is point your finger and blame everybody else for all the problems in your life? God help gen alpha that's all I got to say. You're blaming entire generations you know nothing about. You got three generations mixed up together and you don't have a clue which ones they are. Maybe if you weren't so nasty you can actually interact and learn a thing or two. Seems to me a lot of people enjoy being pissed off and falsely blaming other people for every single thing all the time. Even strangers they don't know.
What about it
I feel some of the stats of Gen X (who are not presented here as a demographic cohort) are lumped-in with younger boomers and older millennials.
As a member of Gen X I can assure you that we don't exist and since we're not real nobody should be talking about us.
I was going to post the same thing. How come Gen Xer are discussed for like 5 seconds in the video. Probably because they're bad ass and don't live in houses.
I think people forget that many GenX’ers also have Baby Boomer parents.
Fr, my mom is 2 yrs away from being the oldest millennial and way too far from being the youngest boomer, idk where her generation stands atp
Im 31 and this is pure insanity, houses around me in 2018-2020 were 600-800k, now here we sit in 2024 and THE SAME HOUSES are for sale around 1.5-1.8million. If this inflation continues the houses will be 3Million by 2030. I will NEVER beable to afford a home.
I graduated in 2008. It's been a rough ride. Paying $2000 a month for a one bedroom with my girlfriend that's 70% of my income and the rest goes to bills and food.
My friends and I are the last of the Baby Boomers. We all turn 60 this year. We don't plan on dying for 30+ years.
So don't expect a wave of houses to suddenly flood the market. It might be more of a slow but steady process.
And as many have mentioned, most of these homes will be passed on down to the children of us Boomers -- which I guess is mainly Millennials.
🤣30 years left. LMAO
😂 30 years 😂😂
Good, you guys keep all the houses while families raise their kids in a 2 bedroom overpriced apartment.
Meanwhile, you can send all the jobs in china to make sure nobody is allowed to build a new house.
Oh wait, that's already what you did...
Well maybe you guys can try to live in those houses for 60 more years instead. That will help everyone.
@@MS-ty8eq Well, 30-40 years. My parents both turn 89 this year and are doing fine (still walking).
Both of my mom's parents lived into their 90's. So yeah, I'm hoping 🤞🤞.
But if I don't lose some weight and improve my diet then... 😱
@@MS-ty8eqyou laugh, but medical technology progresses quickly every year. We’re already able to 3D print body parts in labs (bio printing). How long until the first pill to reverse cellular aging comes along? And even on a smaller scale, how long will we be able to extend our lifespan? He says 90 years, but a human can live up to 120 years before their chances of dying due to aging stop increasing (it remains 50%), and that’s again before we factor in biological age reversal, which is currently being developed in a Harvard science lab (seriously; look it up). A lot is set to change in the medical field in just the next 10 years. To laugh at 30 years is incredibly premature
Once again Gen X is forgotten.
Who?
Gen X is like the forgotten middle child
My thought exactly. And just for that, I'll never sell my primary home.
That's a good thing
Gen X is actually a very success generation in terms of their economic status.
16 million vacant homes in America at the moment, why should anyone think that a surplus of up to 20 million more would change anything.
My concern is investment firms will come in and buy all the homes when this occurs.
Dream on, gen z is going to be the beneficiary!!!! how dumb, you don't think the corporate housing hasn't already calculated the grab. Of course they did, and you think it is to the benefit of a generation. Imma die laughing this is so ridiculous. If you don't make your move into real estate ASAP you are never going to be able to.
What are you suggesting?
@@Anton43218 I am suggesting to not blame boomers, and to not look at what boomer have as your entitlement, to snatch up after they pass away. The way that hard working boomers are being spoken about is dehumanizing. The corporate markets or gen Z frothing at the mouth to obtain their wealth. Boomers are a hard working generation that have a wealth of knowledge. That this outlook will back fire on Gen z.
"Randomly offered a job after highschool"
"Single income took care of wife and family"
"Purchased house at low cost low rate"
"Barely took care of kids, sent them off at 18 with no savings to go get lost in college debt scams"
"Sold real estate to corporations so the future generation is screwed"
"Easy retirement"
Wow such hard work
@@sup8447yea hard work when you could buy a house with a McDonalds wage and a peanut back then
If it’s one thing I learnt from watching financial videos is that everything is priced in.
Boomers don't live in starter homes, which are the ones Gen Z will want to buy. They live in Mcmansions that will be sold to older Millennials.
Most older people live in smaller homes due to downsizing as they aged.
Many baby boomers downsized. My folks did.
Investors will gobble Boomer homes up
Speculators. Not investors.
Redfin tried doing that and over purchased and over vauled all those Boomers homes already and now they lost huge amounts of money by overvaluing all these houses they purchased and no one is buying because it's too expensive for what it's worth.
Not if we don't regulate corporations out of the housing market and cap the amount properites landlords can horde. Or something I'd rather not have-a land use tax.
It seems to be forgotten that one unit of housing supply satisfies one unit of housing demand. Whether it is owned or rented isn't important for this equation because many people will choose the option that is more cost effective at the time.
Pardon my ignorance, but don't Millennials inherit homes from their Silent Generation grandparents and their Baby Boomer parents when old folks die? Meaning Millennials would not have to struggle with mortgage and sky-high prices? I'm not American and don't know how inheritance laws work in US. Sure, old homes would need renovations, but this could not be as costly as buying a hew home, could it?
The vid misses this critical point and assumes that these homes are not going to their bloodlines but the open market instead. It's a bizarre assumption.
@@Mlogan11 Most of the time the home will be passed to multiple heirs who will in different geographic regions. Competing interests mean that in almost all cases the homes will be sold.
@@Rej-gc5zi If it goes into probate, that's the likely case, but if there is a will, the house will likely go to a specific person.
Those most common scenario is as the parent ages, the child that become the main caretaker of the parent will get the house.
Don't older generations tend to have multiple children so those properties will be split in multiple directions unless all agreed and they all want to live with their siblings and/or cousins the rest of their lives in a more cramped up situation than they grew up in especially if all these millennial adults wants to get married and start a family making the situation more crowded as well?
Yep. We’ll inherit our parents houses eventually and have a fully paid off big home and only need to worry about taxes 😂 but lemme tell ya.. TAXES HURT 😭tho it’s definitely a better deal than buying a crazy high mortgage
that last point she hadnt really thought about - investors buying up homes - that’s the main thing
I don’t think she knows what it means to “own a home”, you don’t own the home if you have a mortgage
Yeah, I live in the Netherlands, where the population has been increasing only due to immigration since 1973. Without closing the borders, the silver tsunami will never come.
I’m an American gen Z that moved to Europe because things are too expensive in the US. Would love to move back to America one day but not when homes are 7x the price as the ones over here for equal quality and size.
What country u in
Where in eu
@@adammorra3813 Croatia
Don’t forget in the equation, not all boomers will go in retirement homes, many of them will stay at home until death…home healthcare system and services is an option…exemple…my husband dad stayed in is home until he died at 98years old…my dad is still in his home, he is 84 years old with no intention to leave…so don’t expect to much…
The 30 year mortgage in America is so weird. Seems like it really discourages mobility on the housing market.
Wait if you cover all things money and investing, how did you not know about investors buying homes until recently? Corporations and international investors are a huge part of the market that will only continue to grow w/ REITs until less than half of US residents own their homes.
Add together Baby Boomers + layoffs + inflation = estate sale, foreclosures, short sales, you get a big mess
It's just like monopoly. Even when the baby boomers pass on they will pass to their children, but replacement rate is lower which means those homes will go to less and less people.
Damn. I always knew my grandparents were greedy pricks
This is good, but private companies are picking up these homes, keeping demand high, and that means prices high.
Sadly they are foreign investor groups buying properties left and right.
how about we stop letting companies buy homes?
No way Gen Z beat Millenials in anything. Gen Z are born tired, they don't have the resilience to work hard and save money. We (millenials) are the last generation who are willing to work hard, because we were lucky enought to have in our lives people like our grandparents. Who REALLY REALLY work hard and didn't have any comfort in their lives. So we have good examples in ur lives. We will end up with all the money in the world. Mark my words....
Millennials: we're so screw
Doubtful the market will crash, more than likely stagnate or worse increase in desirable places. Nobody wants a home in the middle of Ohio, but there is a lot of demand in New York urban areas.
Just skip right over Gen X again. From Boomers to the Millenials.
"30% of 25 year olds owning their home" In what universe?
Like I'm so confused. You're telling me 1 in 3 25 year olds own their own home? That statement alone is worthy of being the topic of a video. Clearly my understand of the world is _drastically_ different from the reality...
"You could end up with a mortgage in your retirement years"
Retirement? This alone feels out of touch.
Honestly of a generation or two genuinely benefit it will be the Gen X and Millennial children that possibly inherit these places, whether they attempt to live in said home or sell. The housing economy has inflated so much compared to wages its hard to picture Gen Z actually being the ones in position to buy.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly, which means more red ink for portfolios this second quarter of the year. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Larry Kent Burton for about five years now, and his performance has been consistently impressive.
He's on Instagram **
@ Larry Kent Nick Trading **
As a millennial I have to say I was born in the wrong time
How can you be so sure these homes hit the market? What about the millennials simply waiting to inherit the house?
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Millennials are always screwed in every situation . . .
Another complete BS video on this subject.
Im about to be 30 with a broken ankle no money i just want to die already talk about buying a home
So, how much in real estate do the hedge funds, onvestment banks, and other investor related business own?
Yeah they conveniently left that topic out of this video
Only children of millennials WITH homeownership will profit/inherit. They can either rent the home, move in themselves or sell it.
Everyone else will be left behind in this set up, the wealth inequality will keep getting worse. If you and your parents are poor now, unfortunately, you will never be able to affort an own home.
Not true, this is America, you can follow Dave Ramsey’s 7 baby steps, get out of debt, buy a home, pay it off early and build wealth. The limitations you state are not really there. This is coming from an immigrant who came to this country and is now a homeowner… you can do it!
@@norviliaetienne222I'm really happy to hear that you have achieved your dream, especially as an immigrant, but to be honest, Dave Ramsey doesn't have any evidence or qualifications to back up his teachings, and it's just not applicable to most people
In any case, congrats on your home, I hope you and your kids get to enjoy it
@@norviliaetienne222 Tell me when you bought the home and how much you make annually, most are phased out due to bad credit scores, stuck in low wage jobs, and housing market already took over 100% apperication. Homes on 7k sqft used to be around 250k to 270k, now those same homes is at 500k to 550k. This appreciation mostly happened from 2021 to 2023. So if you want a home with 3 beds, 2 baths on 5k sqft, you need to make at least 50k to qualify for a home loan of 200k, you will be still need an additional 100k for down payment with this current rates. Here in Washington state, homes on 7k lot are worth 500k and up, half that lot is around 250k to 300k when most wages barely pays between 45k to 60k unless you score a job in seattle, but most rural cities are fucked already, or if you end buying cheap homes, you gonna end up in the remote towns where jobs are lacking and mostly family controlled.
But none of this answered why there was a crash and now what do we do none new comes which has been estimated to 14 million
This is so misleading nice going Insider News.
"Owning a home" for a boomer when they were 40 years old is different than a zoomer owning a home. One actually BOUGHT the house fully and the other is simply in a mortgage with it.
As a millenial....there's only so much more bad news we can take.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Being able to withdraw 80,000$ after 2weeks was just unbelievable
I keep seeing good recommendation about
Chrissy Barymoer . He must be really good.
Blackrock: hippity hoppity, those houses are now my property
Gen Z HERE, OWNER AND CEO of my very own first real estate company. Barely turned 24 this month and I’m on track to buying my first three investment properties! 🎉 Realized very early in life that it isn’t a race nor a comparative objective, unless you want to suck the joy out of life… Be happy for other’s successes, set and go after your goals, and try to be a better human everyday so our civilization/society can finally continue to evolve. Please 😅❤
One of the worst videos I’ve seen on the subject….
Tim dillon is very right about this! the boomers doesnt wanna let go their home untill they are death or be taking force by ambulance! LOL
Not sure why people are saying Gen X is forgotten. Are you guys so used to being mentioned that you don't notice when you are?
Besides Baby boomers don't have gen x kids to pass wealth to for the most part aside from a few teen pregnancies. And are they likely to be wealthy with teen pregnancies?
Theres also the new concrete house printers that can build a house in a few weeks with machines that often cost as much as these current houses are going for. Try being a landlord in an environment like that.
Don’t keep pissing off the millennials! They’ll revolt!
You forget that most people aren't satisfied with owning 1 property these days, especially when rent is such a juicy investment.
lol I am closing soon. It’s not that hard actually, I am getting a 365k home for 12k out of pocket. And everyone talks about how hard it is..,, it’s actually not hard at all. I think the hard part is that these young people don’t want to work and have steady income . It’s not hard to get in a house. Stop crying.
Gen X here with Gen Z kids who just bought their first jointly owned home. How they did it on their own? First I made sure they finish university with high skilled degrees that made it easy for them to get better paying jobs. The moment they start earning I taught them how to invest and in 2 years they have enough to pay down payment. They got lucky to start saving/investing when the market was down. The best way for parents to help children is to guide and encourage them to acquire education. Get that most important credentials to get them started. Teach them to be frugal… save… invest. Be in an industry that is essential and a city where there is growth. Now as a parent I can breathe with great relief because I know my children can make it on their own.
Why didn’t I “choose” to be born in an earlier generation 😭😭😭
Might all be brought up by private equity at over market prices.
As a millennial, when my boomer parents pass all it means is I'll finally be able to live in a proper house, the house I grew up in mind you, but a house.
Some of them will just inherit the home 🏠 bcuz some parents won’t sell
By “Owning your home” they mean having your mortgage paid off? Or just having a mortgage?
Cute visuals.
They left out the effects of mass immigration on the housing market. Here in NYC, multiple immigrant families will combine their purchasing power to live in a single-family home. Or the landlord collects more money for single-family units from numerous immigrants.
Unfortunately for the rest of us, Baby Boomers will never die. 😂
Houses were so cheap between 2008 and 2015. Millennials were just too scared to buy a home at that time because of the economic collapse. The millennials who did buy in that time have a net worth 5x their peers and have been less affected by inflation due to fix rate mortgages at 3%
Nice summary
But when US houses are built to last about 30-50 years.. what condition are most of these going to be?
I see an expansion of investor properties over owner occupiers unless there are regulation changes. Even if house prices crash, most people will have to borrow and that would get very hard even compared to now.
/Edit, shoulda watched the full thing, covered both my points toward the end.
30% of 25 year old zoomers own homes???? What?
I just feel so angry I was cheated out if buying a home for my kids 7 years still living in my “ divorce “ apartment “ I gave up along time ago
Just move to somewhere desirable- get yo self outta that crummy neighborhood! It really is about location y’all. Just don’t think about moving to New Hope PA! 😂
The gaslighting of young people is so insane.
Almost a 3rd of 25 year olds own their home?! What?!
Anyone who has ever played monopoly knows how this ends. One winner with all the property and resources.
We didn't start the game together. New players enter at a disadvantage. Why don't we discourage monopoly property ownership more? What if we increased property taxes if you own 2+ properties or set limits?
Wait, are we not considering population growth?
Growth is not going to be as much of a factor. Millennials are having less kids on average than previous generations. We should be more concerned with corporate home ownership and climate migration.
Millennials: Sorry Screwed Again
I strongly suspect the beneficiaries will be super-wealthy asset holders bent on enforcing a rentier society.
All the way through this video I was thinking there's a glaring oversight - property investment. To tack it on briefly at the end is a mistake. There has been a huge transfer of wealth from the middle and working classes in the past 2 (or so decades). Property investment has formed a big part of that. Whilst many boomers may plan on passing on their homes to their children, they haven't accounted for the huge cost of care as they age. This will eat up most of the capital they have accumulated. Many will be forced to sell their homes to finance medical and care costs.
Anyone watching this a gen z thinking wow, there is such a small chance of ever owning a home working a minimum wage job like most people do.
“A housing economist brought up something I hadn’t even thought about. There’s an increasing amount of investors competing for homes.”
You haven’t thought of this? An INVESTING CORRESPONDENT DIDN’T think about that?
I don't know that this provided any good rationale for why Gen z would benefit more than millennials. Millennials will have had more time in their lives to earn capital to invest in the market. They're also more likely to be the ones to inherit in those situations. What reasons would Gen z benefit more?
As long as you have a mortgage to pay you don't own the house.
The bank owns it and let's you "lease to own it" over the years. Unless you default... then they kick you out and sell the house to someone else.
Boomers made this issue
You're right, they had kids
Didn't take in consideration different life styles and expectations between generations
HUGE CORPS WILL OUTBID PEOPLE AND THEN TURN THEM INTO RENTALS.
The homes will go toward payment for the care homes that cost £1500 a week 😮happened to me and my partner and all the life savings all you are allowed to keep is £1600 if the money runs out before death.
But what about me a millennial 😭
How is gonna benefit from the silver wave well all the investment firms that will buy the houses to rent them out.
Gotta love media math, if it's more complex than addition you can't trust them.
houses are priced so high and the QUALITY is down BAD